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Incred Financial Services NCD 2023

NCD Status: Closed [9th Jan 2023 to 27th Jan 2023]

Rated 2/5 by Team InvestorGain
Incred Financial Services NCD Detail

Incred Financial Services Limited Issue secured and Redeemable NCD comprises Base issue size worth of Rs 175.00 Cr and Shelf issue size of worth Rs 350.00 Cr. The subscription is opening from 09 Jan 2023 to 27 Jan 2023. . The issue price of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs). The face value of each NCD is Rs 1000 and the NCD tenor and Series is not declared yet.

Check more about the Incred Financial Services Limited NCD 2023 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.

Incred Financial Services NCD Details

NCD Opening Date: 9th Jan 2023
NCD Closing Date: 27th Jan 2023
NCD Type: Secured NCD
Issue Size (Base): ₹175.00Cr
Issue Size (Shelf): ₹350.00Cr
Face Value: Rs 1000 each NCD
Issue Price: Rs 1000 per NCD
Market Lot: 1 NCD
Min Order Qty: 10 NCD
Min Order Amount: Rs 10000
Listing at: BSE, NSE
Tenor: 27 and 39 months
Rating: CRISIL A+/Stable by CRISIL Ratings Limited
Series:

Series I to IV

Payment Frequency: Annual and Quarterly
Basis of Allotment:
Interest on return:
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

NCD Important Dates

Action Dates
NCD Activity Date
NCD Issue Open 9th Jan 2023
NCD Issue Close 27th Jan 2023
BSE Code: 2888
NSE Code: INCR23

* - Tentative Dates

Offer Details

Category Name NCD's Reserved NCD's Allocated
Institutional 350000 20%
Non-Institutional 350000 20%
HNI 525000 30%
Retail 525000 30%

About Company - Incred Financial Services

This Company was incorporated as Multiflow Financial Services Private Limited on February 3, 1995. The Company changed its name to KKR India Financial Services Private Limited and further the name was changed from KKR India Financial Services Limited to InCred Financial Services Limited. They are a non-deposit taking systemically important NBFC registered with the RBI. The Company caters to lower middle class to middle class Indian households for their personal finance needs like education loans, personal loans.

Correspondingly, it also offers secured and unsecured business loans to small businesses, secured loan to K12 Indian schools for their expansion plans, supply chain financing, lending to profitable financial Institutions and micro finance companies and escrow backed lending through its SME vertical.

Pre-demerger KKR was engaged in providing strucutred funding, promoter financing and mezzanine financing. To consolidate the non-banking financing business related to reail and SME lending and ancillary financing activites undertaken by Pre-demerger InCred, InCred Demerged Undertaking was merged with Pre-demerger KKR to achieve greater economies of scale, operational ratinalisation and organisational efficiency, wider market reach and customer base, pooling of knowledge and expertise, and to reduce redundant cost.

Incred Financial Services Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-202232.1332.675.161040.5
31-Mar-212804.53392.482.171054.01
31-Mar-224034.65524.2730.831115.19
30-Sep-226194.28398.1246.762391.19
Amount in ₹ Crore

Incred Financial Services NCD Objective

The company proposes to utilize the funds which are being raised through the Issue:

  1. For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company - 75% of the amount raised and allotted in the Issue.
  2. General Corporate Purposes - 25% of the amount raised and allotted in the Issue.

Incred Financial Services Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4
Frequency of Interest PaymentQuarterlyAnnualQuarterlyAnnual
NatureSecuredSecuredSecuredSecured
Tenor27 months27 months39 months39 months
Coupon Rate (Retail)9.45%9.80%9.65%10.00%
Effective Yield (% per Annum)9.78%9.82%10.00%10.02%
Amount on MaturityRs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00

Incred Financial Services NCD Promoters

InCred Holdings Limited (erstwhile known as KKR Capital Markets India Limited), and Bhupinder Singh are the promoters of the company.

Incred Financial Services NCD Rating Details

The company has received rating of CRISIL A+/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

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Incred Financial Services NCD Imporatant Links

  • Incred Financial Services NCD DRHP >>Document
  • Incred Financial Services NCD RHP >>Document
  • Incred Financial Services NCD DRHP Shelf >>Incred Financial Services NCD Draft Prospectus Shelf is not yet available.
  • Incred Financial Services NCD RHP Shelf >>Incred Financial Services NCD Red Herring Prospectus Shelf is not yet available.
  • Incred Financial Services NCD Allotment Status >>Incred Financial Services NCD Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Incred Financial Services Limited
Unit No. 1203, 12th Floor, B Wing, The Capital, Plot No. C-70, G Block, Bandra Kurla Complex
Mumbai,Maharashtra-400051
India
Website: http://www.incred.com/
Phone: +91 22 6844 6100
Email: [email protected]

Incred Financial Services NCD Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: [email protected]

Incred Financial Services NCD Lead Manager

  1. Jm Financial Limited
Incred Financial Services NCD Important dates - Issue Open Date, close Date, NCD Listing Date. NCD Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, NCD Listing date. What is the issue open date and close date for Incred Financial Services? Should I apply in Incred Financial Services NCD?

Last Updated on 2023-02-14T23:30:25+00:00


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